Investors
Trintech Reports Fourth Quarter and Fiscal Year 2010 Financial Results and an Agreement to Sell its Healthcare Division
Highlights from Fourth Quarter and Fiscal Year 2010
Trintech increased EBITDA net income by 159% to $1.4 million for the third quarter, compared to the same period last year.
- Revenues of $7.9 million, Adjusted EBITDA Net Income of $1.4 million and Net Income of $910,000 for the Fourth Quarter 2010 from Continuing Operations.
- Revenues of $32.5 million, Adjusted EBITDA Net Income of $4.9 million and Net Income of $2.6 million for the Year Ended January 31, 2010 from Continuing Operations.
- Agreement to sell Healthcare Division for $34.5 million in cash.
- Total assets of $56.8 million
- Shareholders’ equity of $40.9 million
- Net cash reserves of $20.1 million (including restricted cash of $170,000)
Please refer to our detailed press release which explains these numbers in more detail and outlines the future direction and growth potential of Trintech Group.
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